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Papa John's International PZZA Unredeemed gift card liabilities — Contract Liabilities

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Other financials

Income statement

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Revenue$482.4M-8.8%
Gross profit$143.4M-8.9%
Operating income$23.2M-5.3%
Net income$8.5M-10.5%
EPS (diluted)$0.24-14.3%

Balance sheet

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Cash & equivalents$28.5M-14.4%
Total debt$935.5M-3.2%
Total equity-$453.1M-4.9%
Total assets$805.0M-9.6%

Cash flow

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Operating cash flow$28.6M-19.4%
CapEx$12.9M-28.6%
Free cash flow$15.7M-9.9%

Valuation

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Market cap$811.19M-44.3%
Enterprise value$1.72B-28.0%
P/E29.4×+10.1×
P/S0.4×-0.3×

Profitability

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Gross margin28.7%0.0pp
Operating margin4.3%-2.6pp
Net margin1.4%-2.2pp
FCF margin1.7%

Returns & leverage

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Return on equity131.1%
Debt / equity33.6×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Papa John's International in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: Papa John's International’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 7:05 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-053823
(In thousands)June 28, 2026December 28, 2025Change
Unearned franchise fees and royalties$18,292$19,678$(1,386)
Unredeemed gift card liabilities6,4477,742(1,295)
Customer loyalty program obligations1,6814,970(3,289)
Total contract liabilities$26,420$32,390$(5,970)

Item 1. Financial Statements

FAQ

What is Papa John's International's unredeemed gift card liabilities — contract liabilities?
Papa John's International (PZZA) reported unredeemed gift card liabilities — contract liabilities of $6.45M in Q2 2026.
How has Papa John's International's unredeemed gift card liabilities — contract liabilities changed year-over-year?
Papa John's International's unredeemed gift card liabilities — contract liabilities decreased by 3.5% year-over-year, from $6.68M to $6.45M.
What does unredeemed gift card liabilities — contract liabilities mean?
This metric represents the total outstanding balance of gift cards sold to customers that have not yet been redeemed for products or services. It functions as a contract liability, reflecting the company's obligation to fulfill future orders associated with these prepaid instruments. Monitoring this balance provides insight into consumer demand and the potential for future revenue recognition as these cards are utilized.

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